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tmvinoth3

200 EMA at weekly timeframe will take support again ?

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Nifty Bank Index (NSE:BANKNIFTY)  
tmvinoth3  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Multiple Time Frame Analysis Triangle BANKNIFTY bankniftytrend bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions
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supportandresistance mtfa triangle banknifty bankniftytrend bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions
I’ve marked the dates where 200 EMA support taken in previous years 2009, 2012, 2016 and 2020. Now after 2 years market came close to that level 30500~.

Nice triangle has been formed in weekly chart and might break. Immediate target could be 32120~.

This is just my analysis and for educational purpose only. Please consult with your financial advisor before taking any trade.

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tmvinoth3
1 hour trendline in banknifty
tmvinoth3
A big gap down can go till 34000
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